Tech Trends: May 28 (5 stories)

Here is your Daily summary for Technology across the world for Thu 28th May 2026

Snowflake Inc. saw its shares surge nearly 30% after announcing a robust sales outlook and a significant $6 billion deal with Amazon for cloud services, highlighting the growing demand for data solutions amid AI advancements. Meanwhile, AI coding startup Cognition has raised $1 billion, achieving a staggering $25 billion pre-money valuation as it reports a rapid revenue growth, underscoring the booming AI sector.

In other developments, ClickHouse has tripled its annualized revenue to $250 million, positioning itself for a potential IPO, while Meta Platforms is venturing into consumer subscriptions for its AI chatbot to recoup its substantial AI investments. Additionally, Valve has raised the prices of its Steam Deck devices by over 40%, reflecting the ongoing chip shortage impacting the tech industry.